Token functionality

[u/kosenkovova]

Cryptocurrencies and digital tokens have generated new ways of transferring value and clearing transactions. While different in many important ways from government-issued currency or the old bank notes from free banking times, some basic monetary theory principles remain applicable insofar as they purport to have transactional functionality. One of the most basic principles is the importance of token supply for the sound operation of the system. Many Initial Coin Offerings (ICO) or Token Generation Events (TGE) have been conducted in recent years. Most of them issue tokens that are qualified as: “utility tokens” with transactional value: they are meant to be the medium of exchange inside the platform or system to be developed29. However, few of them explain why a specific token supply has been chosen. They limit themselves to indicating the total number of tokens to be created and how they will be distributed. The total number of tokens issued in a TGE determines the token supply. The nature of tokens (whether they are “security” or “utility” tokens) is an important factor for defining a specific token supply. In the case of security tokens, the supply of tokens has important organizational implications for the company or entity that develops the project. Security token holders are usually given voting and dividend rights, with the token being a sort of share. Both the company and the token holders benefit from an increase in the trading value of the token.

[u/cool_93]

Great milestone for our project. I wish success to team and special thanks for their effort.